CB Insights released the preview of their State of Venture Q2’22 Report, finding a 23% drop in VC funding to startups on a global level in Q2 of this year, with $108.5B raised across 7,651 deals. However, second quarter funding still came in as the 6th highest on record.
This shows there is still a great deal of funding available for startups. Although it might not be at the record levels we saw in 2021, it continues to surpass the levels we were seeing in any quarter of 2018, 2019 or 2020, which were record years before 2021’s historic boom.
There is also good news for US startups, as they accounted for nearly half of Q2 funding ($52.92B).
The data continues to show significant increases in remote hiring, with 62% of year-to-date startup hiring happening out of state.